Business
Grant of Market Price Options and PDMR Dealing
Grant of Market Price Options and PDMR Dealing.
About this update from Fonix Plc
[{"type":"text","content":"\n\n25 March 2025\nFonix plc\n(\"Fonix\" or the \"Company\")\nGrant of Market Price Options and PDMR Dealing\n \nFonix plc (AIM: FNX), the mobile payments and messaging provider, announces that on 24 March 2025, it granted a total of 288,000 share options over ordinary shares of 0.1p each under the Company's share option plan (the \"Options\"):\n● 55,000 Options were awarded to Michael Foulkes, Chief Financial and Operating Officer of the Company (the \"CFOO\"), and\n● 233,000 Options were awarded to other eligible Company employees (the \"Eligible Employees\").\nThe Options have an exercise price of 180.5p per share, representing the closing mid-market price on the day prior to the grant.\nThe Options will vest in three equal tranches over a three-year period, on 24 March 2028, 24 March 2029, and 24 March 2030. Vesting is conditional on the option holder's continuous employment with the Company until each respective vesting date. Additionally, the 55,000 Options granted to the CFOO are subject to the achievement of specific performance conditions. Following this grant, the CFOO holds 205,895 market price options in the Company, representing approximately 0.2% of the Company's issued share capital.\nThe award of these Options is designed to align the interests of the CFOO and Eligible Employees with those of shareholders, incentivising and rewarding the creation of long-term shareholder value over the next three to five years and beyond.\nFollowing this grant, the Company has issued a total of 2,192,174 options since its admission to AIM in October 2020. Of these, 198,895 have lapsed, 232,528 have been exercised, and 1,760,751 options remain outstanding. The outstanding options represent approximately 1.76% of the Company's issued share capital.\n \nEnquiries\nFonix plc Tel: +44 20 8114 7000\nRobert Weisz, CEO\nMichael Foulkes, CFOO\n \nCavendish Capital Markets Limited (Nomad and Broker) &nbs...